Companies to Collaborate on Technology for Autonomous Vehicles and IoT

NEWS HIGHLIGHTS

Intel is acquiring a 15 percent ownership stake in HERE, a global
provider of digital maps and location-based services for automotive
and the Internet of Things (IoT).

Companies plan to jointly develop a highly scalable proof-of-concept
architecture that supports real-time updates of high-definition (HD)
maps for highly and fully automated driving as well as explore
opportunities in IoT and machine learning.

HERE will add Intel’s nominee to its Supervisory Board of Directors
when the transaction closes, which is expected in the first quarter of
2017.

In conjunction with Intel’s acquisition of a stake in HERE, the two
companies also signed an agreement to collaborate on the research and
development of a highly scalable proof-of-concept architecture that
supports real-time updates of high definition (HD) maps for highly and
fully automated driving. Additionally, the two companies plan to jointly
explore strategic opportunities that result from enriching
edge-computing devices with location data.

“Cars are rapidly becoming some of the world’s most intelligent,
connected devices,” said Brian Krzanich, Intel CEO. “We look forward to
working with HERE and its automotive partners to deliver an important
technology foundation for smart and connected cars of the future.”

“A real-time, self-healing and high-definition representation of the
physical world is critical for autonomous driving, and achieving this
will require significantly more powerful and capable in-vehicle compute
platforms,” said Edzard Overbeek, HERE CEO. “As a premier silicon
provider, Intel can help accelerate HERE’s ambitions in this area by
supporting the creation of a universal, always up-to-date digital
location platform that spans the vehicle, the cloud and everything else
connected.”

The proof-of-concept architecture HERE and Intel plan to deliver will be
designed to help make autonomous driving as safe and predictable as
possible. For example, today’s navigation technology can pinpoint a
car’s location to within meters, but next generation, HD mapping
supports localization to within centimeters. This will help vehicles
precisely position themselves on the roadway to enable reliable
autonomous driving functionality. HERE HD Live Map, HERE’s cloud service
supporting vehicle automation, gives vehicles the ability to “see”
obstacles beyond their immediate field of vision and receive real-time
updates as environments change due to traffic, road conditions and other
factors.

Intel will also work with AUDI AG, BMW AG and Daimler AG to test the
architecture. Intel and HERE envision making the architecture broadly
available across the automotive industry as a seamlessly integrated
offering that simplifies and shortens time of development for automakers.

A Shared Commitment to Autonomous Machines

Intel is positioned to provide a secure, flexible and scalable
technology foundation for the future of autonomous driving from the
vehicle to the data center. Intel’s assets span: high-performance and
flexible, in-vehicle computing; robust cloud and machine-learning
solutions; and high-speed wireless connectivity. In addition to
furthering Intel’s efforts in autonomous driving, the next generation
location services that result from this collaboration can fuel the
continued growth of cloud computing and the Internet of Things.

HERE is a private company, which is indirectly wholly owned by AUDI AG,
BMW AG and Daimler AG. HERE is a global provider of embedded navigation
solutions. By working with Intel, HERE aims to offer automakers a
universal solution that reduces both complexity and long-term
development costs. Intel also provides expertise in developing and
optimizing hardware, which will be fundamental to moving cloud-based
algorithms to in-vehicle architectures. This same expertise will support
HERE’s strategy to connect multiple industries beyond automotive, such
as in the Internet of Things where location algorithms and
location-based services are increasingly becoming embedded into
connected devices. Intel and HERE intend to explore other potential
collaborative opportunities spanning next-generation cloud analytics,
IoT applications, machine learning, augmented reality and more.

Transaction Details and Timing

The transaction is expected to close in the first quarter of 2017, after
obtaining regulatory approvals. Intel will nominate Doug Davis, senior
vice president and general manager of the Automated Driving Group (ADG)
at Intel, to HERE’s Supervisory Board of directors once the transaction
is completed.

About Intel

Intel (NASDAQ:
INTC) expands the boundaries of technology to make the
most amazing experiences possible. Information about Intel can be found
at
newsroom.intel.com and
intel.com.

About HERE

HERE, the Open Location Platform company, enables people, enterprises
and cities to harness the power of location. By making sense of the
world through the lens of location, we empower our customers to achieve
better outcomes – from helping a city manage its infrastructure or an
enterprise optimize its assets to guiding drivers to their destination
safely. To learn more about HERE, including our new generation of
cloud-based location platform services, visit
http://360.here.com
and
www.here.com.

Intel and the Intel logo are trademarks of Intel Corporation in the
United States and other countries.